Aboki Naira to Dollar Black Market Exchange Rate Today, 1st December 2025
The Nigerian Naira experienced a marginal depreciation against the US Dollar in the parallel market, commonly known as the black market, on Monday, with exchange rates hovering around ₦1,475 per USD for sales transactions.
This comes amid ongoing economic pressures and limited foreign exchange inflows, according to real-time updates from local currency traders in major cities, including Lagos, Abuja, and Port Harcourt.
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Market observers reported that the buying rate for Dollars stood at approximately ₦1,460, while the selling rate reached ₦1,475, marking a subtle uptick from the previous trading day’s close of ₦1,470.
These figures, aggregated from bureau de change (BDC) operators and street vendors—affectionately dubbed “Abokis” by locals—reflect the informal sector’s response to heightened demand for hard currencies ahead of the holiday season.
The parallel market, which operates outside the official Central Bank of Nigeria (CBN) framework, continues to serve as a barometer for Nigeria’s forex liquidity challenges.
For comparison, the official Investors and Exporters (I&E) window rate remained stable at around ₦1,500 per USD, but the wider premium in the black market underscores persistent disparities between regulated and unregulated trading.
Key Exchange Rates as of December 1, 2025 (Black Market)
| Currency Pair | Buy Rate (₦) | Sell Rate (₦) | Change from Nov 30 |
|---|---|---|---|
| USD/NGN | 1,460 | 1,475 | +5 (+0.34%) |
| EUR/NGN | 1,660 | 1,700 | Stable |
| GBP/NGN | 1,900 | 1,950 | +50 (+2.63%) |
| CAD/NGN | 1,080 | 1,110 | Stable |
Economists attribute the Naira’s softness to a combination of factors, including reduced remittances, volatile oil prices—Nigeria’s primary export—and speculation surrounding potential CBN interventions.
“The black market remains resilient but volatile,” noted Dr. Aisha Bello, a forex analyst at Lagos-based financial firm EconInsights. “Traders are bracing for year-end pressures, but any positive signals from the federal government on FX reforms could stabilize rates before Q1 2026.”
For individuals and businesses navigating these rates, experts advise caution: Verify a dealer’s credibility to avoid scams, and consider diversifying into stable digital assets like USDT, which traded at a premium of ₦1,480–1,490 per unit on peer-to-peer platforms.
Official channels, such as commercial banks, may offer slightly higher costs but greater security. As Nigeria grapples with inflation nearing 25% and GDP growth projections tempered at 3.2% for 2025, the black market’s pulse will likely dictate short-term sentiment.
Stay tuned for updates, as rates can fluctuate hourly in this dynamic environment.
For real-time conversions, platforms like AbokiFX remain go-to resources for diaspora and local traders alike.
